SEOUL – April 17, 2014 – The Korean Foundation that proceeded the establishment of the Global Green Growth Institute as an international organization was formally dissolved on April 17.
GGGI was initially founded as a Korean non-profit foundation in 2010 and according to the foundation’s Articles of Incorporation, it was intent to dissolve once the treaty-based intergovernmental organization was established. The Korean foundation began a number of green growth programs that are currently managed by the international organization.
Since its establishment as an international organization, GGGI has more than doubled in size and has expanded its operations to 34 green growth programs in 20 developing countries. The organization has also established a new governance and management structure consisting of an Assembly of member nations, a Council of appointed members and non-state actors, and a Secretariat headed by a Director-General. In February 2014, the Assembly appointed Yvo de Boer, former Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), to be the organization’s new Director-General. Mr. de Boer assumed his duties in April.
Based in Seoul, GGGI is an intergovernmental organization founded to support and promote a new model of economic growth known as “green growth.” The organization partners with countries to help them build economies that grow strongly and are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change. GGGI’s experts are already working with governments around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. To learn more, see www.gggi.org and visit us on Facebook and Twitter.